How Much Does It Actually Cost to Launch an ERC-20 Token?

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How Much Does It Actually Cost to Launch an ERC-20 Token?

Prabu
I’m researching the cost of launching a token and I’m seeing very different prices from different development teams.
Some solutions appear to be relatively inexpensive, while fully customized projects can become much more expensive. I assume the difference comes from things like smart contract complexity, token features, wallet integration, testing, UI/UX, and deployment.
For example, a basic token may only require standard transfer and balance functions, while a business may want additional features such as minting, burning, pausing, staking, or governance.
I’m also wondering whether working with an erc20 token development company is more practical than hiring individual freelancers for different parts of the project.
For anyone who has launched a token, what was the biggest cost in your project, and what features made the budget increase?